- Investinor, Alliance Venture, founders and staff have invested NOK 16.2m in Norwegian software provider bMenu.
- Newfund and three private investors have provided French eCRM specialist CRM Mobile Corp (TCMC) with growth capital funding.
- Following a six-year association with the venture investor as an advisor, life sciences specialist and entrepreneur Dr Kevin Johnson has joined Index Ventures as a Partner.
- Danish venture capital firm SEED Capital has invested DKK 7.6m in biotech company Reapplix.
- Three former executives of Belgian investor KBC Private Equity have spun out to form new small-cap, later-stage outfit Think2Act Partners, according to local press reports.
- Doughty Hanson has acquired UK-based Equity Trust in a €350m secondary buyout from Candover Partners and other institutional shareholders.
- GIMV has invested €15m to back the management buyout of French e-commerce company Onedirect.
- Prime Technology Ventures has sold its 43% stake in web analytics specialist Nedstat to comScore, in a deal that values the company at $36.7m (€28.6m).
- A pool of institutional and angel investors has provided UK medical equipment company Microvisk with a £2.5m round of funding.
- Balderton Capital has led a €3m series-A funding round for Irish telecommunications specialist Socowave.
- Eden Ventures has made five new investments in UK early-stage technology companies, with amounts ranging in size from £100,000 to £1m. (TechCrunch Article).
- Internet focused fund ISAI has backed the French online marketplace InstantLuxe.com with €650,000 of funding.
- Advent Venture Partners and No 8 Ventures have invested £1m in software company OpenCloud, as part of a £5m funding round.
- 21 Investimenti, the Franco-Italian mid-market later stage investor, has sold Italian oil and gas engineering firm Valbart to listed US business Flowserve.
- Investinor and existing investors ProVenture Seed and Energy Capital Management have invested NOK 40m in Norwegian software solutions provider Verdande Technology AS.
- 123Venture and a pool of private investors have injected €2.8m into French technology company Unowhy.
- Ysios Capital Partners and Caixa Capital Risc have invested €5m in medical technology research company Sabirmedical.
- The Bank of Ireland has led a €1.8m round of funding for Dublin software start-up InishTech via its Seed and Early Stage Equity Fund.
- Chopin Invest has bought a portfolio of minority stakes from Seventure Partners, for an undisclosed amount. Companies that were affected by the deal include Netasq, Opti-Time, Quescom, Scaleo Chip and W4.
- Intel Capital, MCI Management and Ondra Tomek have acquired Netretail Holding, a holding company and operator of the online shopping site mall.cz, from its previous investor, 3TS Capital Partners in a deal valued at €11m. As part of the transaction, Intel Capital and MCI Management invested €5m each, while Ondra Tomek, founder of Czech web portal NetCentrum, contributed €1m. The funding was used to expand business in the region of Central and Eastern Europe.
- Forbion Capital Partners, YSIOS Capital Partners, Industrifonden and HealthCap have held a second closing of a series-A financing round, raising SEK 124m for drug developer Cardoz AB.
- Venture capital firm Wellington Partners has agreed to sell Munich-based software company Aloqa GmbH to mobile phone giant Motorola for an undisclosed sum.
- High-Tech Gründerfonds (HTGF) and DN Capital have teamed up to provide a first round of funding for baby care specialty website windeln.de, which is scheduled to launch this month.
- Forbion Capital Partners closed its FCF II fund in July, having raised €136m.
- Catapult Venture Managers has injected £600,000 in UK mobile application and platform provider Yospace Enterprises Ltd.
- High-Tech Gründerfonds has invested in German software developer ConWeaver GmbH.
- Viking Venture has led a consortium of investors consisting of Alliance Venture, Salvesen og Thams and Glør Iks in a NOK 16m funding round for MemfoACT.
- ALMI Invest and Wingefors Invest have provided SEK 2m for I Read new media AB, which provides digital journals through Paperton.com.
- 17Capital announced the final close of its first fund, 17Capital Fund, which raised €88m.
- Nexit Ventures and existing investors, including Sofinnova Partners, have injected €17m into Finnish mobile advertising provider Blyk.
- Two-man technology team The Bakery, which has worked on animated film blockbusters including Shrek and Madagascar, has secured a $2.3m investment for its software group.
Reapplix has developed the LeucoPatch, a treatment for foot ulcers. The treatment is designed for diabetic sufferers, who often suffer extensive foot ulcers that heal poorly. European studies have shown that more than a fifth of ulcers in diabetic patients result in amputation.
A clinical study at the Centre for Wound Healing at Bispebjerg Hospital found that 13 out of 16 patients with chronic ulcers (including five diabetics) were completely healed after using LeucoPatch.
“In Denmark we [spend] in total nearly DKr 3bn annually on wound care, and amputations can easily cost up to DKr 1m per patient,” said Bo Jesper Hansen, chariman of Reapplix.
